The Long Investor

$ADAUSD

$ADA following exactly along with the other Cryptos I have added and in Subwave 4 pull back now too.

I have added in the Fib levels to watch for support.

It would be a great opportunity to nab $ADA at the First Target at the 0.5 Fib at $0.54

$SOLUSD

I do not believe that $SOL has topped out either, its pull back from $127 at the end of December held on the 0.38 Fib which is typical of Wave 4 and in line with $BTC, so the bounce we are in now, is in Primary Wave 5.

Watch for $BTC to find support and this pull back should be complete for $SOL too and this should move higher to complete Primary Wave 5 at $134.

$ETHUSD

I have just added in the Subwaves of Wave 5 for $BTC and I have added in the subwaves of Wave 3 now for $ETH

We can see they are almost moving identical with each other right now.

The 0.236 Fib is the area of interest now as this is the same level as the green line, which was the high from the start of Jan.

Failure to hold here and we will be watching the 0.38 Fib at $2628 to ...

$BTC TOP 20

A number of members are looking for the Subwaves of Wave 5 here, so I have added them in now as $BTC is letting off some steam today.

I believe the rally we have experienced from $BTC over the last 12 days was Subwave 3 of Wave 5, as it was quite aggressive and typical of a wave 3.

So I will be watching for a pull back to our Subwave 4 target here which is the green line from the To...

$ZS

Was last uploaded on the 29th of November and it is a perfect example of a simple straight forward Impulse Wave moving and Wave 3 hitting the 1.618 Fib target at the right time and level.

Wave 2 consolidated very long.....much like the $SMCI chart too and when it was time to break out, it did and very aggressively.

Nice chart to learn from.

$QCOM - WATCHLIST -

A lot of people will be searching for the new $NVDA or $SMCI now with similar set ups and in the Ai/Chip sector right now and although I do not believe they will be common, there are other stocks that may take advantage of strong moves in this sector.

$QCOM has a nice bullish set up in this sector and has complete its ABC pull back and has broken out of its wedge.

There appears to b...

$PSTG - WATCHLIST -

$PSTG has been on our watchlist for some time now and continues to move well up our Wave 3 trajectory.

Strong fundamentals and a technical chart that many companies would dream about for long term

Earnings out shortly, so as long as there are no surprises, this should continue along our count to our Wave 3 target at $59.

$RBLX

$RBLX has now broken out of its wedge and retested and has now bounced again.

Continues to follow our count and if it can make a higher high above $47.36 then I believe this can test the blue line next at $53.79 and then it is into the Bull Case and Wave 3 is confirmed.

$MATICUSD - RC -

No changes to this Crypto chart but a reminder of its set up and our count which has not changed either.

Wave C remains at $1.70

I like how the price is above the 50 and 200 Day MA and held on the 0.887 Fib at $0.46 at the start of November

$BTC and $ETH have started their run, maybe it it time for the rest of the crypto market to catch up.

$HOOD

Earnings was a success and the EPS jumped 327%.

No changes to our chart here since before the earnings and if you bought just before earnings you would be up at least 20% now.

Wave 3 target remains the same here at the 1.618 Fib at $19 so there is still a long way to go.

On the 1hr there has been a retest of the blue line at $12.80 too and has since bounced.

Nice chart h...

$LULU

The chart is going to plan here and we are seeing this continue to drift down to our Wave 4 level at the 0.38 Fib at $428.

Price has now rejected at the 50 Day MA and at the 0.236 Fib which will further fuel the decline which is what we need to see in order to reach our target buy level.

A hold at $428 and I am a buyer.

$DAL

Pulling back to the 50 Day MA and the yellow trend line for support.

This is where we want $DAL to hold above today and finish the week, so I will be happy to see $40 hold.

Cyclicals and the finance sector will be under pressure from this PPI print today but overall still bullish here on $DAL

$ONON

Sometimes the market gives you a second chance and it is up to you to take advantage of it, many people do not do this.

$ONON is cooling off today after a hot PPI print, we can see that the 50 MA on the 1hr chart is exactly at the wedge breakout level now at $30, a hold here and you have your buy signal and support confirmation.

A big signal.

$NIO TOP 20

Big battle going on at $6.28 right now.

Was able to crack through this level at the opening but the bears quickly got it back down below this level and the fight continues.

We can also see that the 200 MA is also at this level on the 1hr chart too, so this is definitely an important level for the bulls/bears....a breakout and this could move up to our 1.618 Fib at $7.25

$SPY TOP 20

$SPY is right back at the yellow trend line again for a retest of this level after recovering all losses from the CPI print coming in hotter than expected.

Another rejection at this level and we could see more selling in order to complete Subwave 4.

It is relatively flat at the opening so the selling pressure hasn't come yet or hasn't started.....but something to be mindful about. 2024-02-16 14:45:55 +0000 UTC View Post

$CVNA - WACTHLIST -

There is no denying that $CVNA looks good here.

Ascending triangle formed here and the top line at $57.75 has been tested 4 times now, rejected 4 times however but continues to make a higher low then.

I also like how the low in November held the 0.618 Fib, which is an impulse wave level hold.

So a break and hold above $58 and the targets are above as shown.

USOIL

Testing the 200 Day MA again lately, having rejected here at the end of Jan.

A flip of the 200 Day MA to support could indicate the bullish move to the upside is next.

Right now the level is $77.65....Buffett has also released this week that he has been adding to his Chevron position while also buying $OXY continuously over the last 12 months.

Target levels remain the same. 2024-02-16 12:57:16 +0000 UTC View Post

$PDD - RC -

Some requests for this but no changes here for me, there has been a pull back but nothing more than subwaves pulling back in a controlled manner.

$PDD is showing that revenue and growth is what drives a share price and eventually both will align.

Wave 3 target remains at the 1.618 Fib at $194.

$MSTR - RC -

Quite clearly now $MSTR has not completed its Wave 5 but its harsh decline at the top of Wave 3 did concern me and it was far more aggressive than the Wave 4 pull back for $BTC, however the bleeding did stop after the earnings and it reacted very strongly.

I have added in the Bowl formation and we can see that it brings the price back up to the $890 level which is in line with completing ...

$GMG

Beautiful Cup and Handle formation here and into Wave 5 for me now and the price has gone above the 2.618 Fib so it is showing extended for me.

I have added in the 3.618 Fib as the next potential resistance level.

A rejection here and the price can come back down to the blue line again at $27.

$SOFI

The 200 Day MA is becoming the important support/resistance level now.

Since September, the battle between the bulls and bears have been taken place around this moving level and for the majority of the time, the Bulls have been winning.

The concern with $SOFI is that every time it gets a strong bounce, the bulls have not been able to follow through and the price reverts back to the ...

$SE TOP 20

$SE has now managed to fill the smaller gap and is moving in an impulse wave, having made a higher high in the PM now.

This has been a long road for $SE.

I have added the impulse wave here and we can see that Wave 5 brings the price action up to the 200 Day and the start of the larger Gap.

This will also bring the price up to the earnings date too around the end of this month....

$TSLA TOP 20

Elon increasing his ownership share was the catalyst the bulls needed, it helped form this inverse head and shoulders pattern and has reacted accordingly now.

I spoke about the potential for this to happen yesterday and today I have added in the impulse count and support/resistance levels, bringing the price back up to the 200 Day MA at $223 for the next big test.

$TSLA bulls were w...

$DKNG

$DKNG reports after the close today and moving very well in our Wave 5 here.

I suspect it will do well and has a solid track record of beating on earnings.

Overall a very well measured count and healthy pull backs to reinforce the structure.

Wave 5 target is at $50 without being extended.

$ADAUSD

In my last update here, 5 days ago, I said that $ADA hit the First Target and needs to flip the 50 Day MA next and a successful flip here and the Second Target is next.

A perfect flip of resistance to support here on the 50 Day MA and it has moved with $BTC and $ETH.

Lovely movement here.

$SKX - WATCHLIST -

If you feel like you have missed out on $ONON's run, $SKX remains looking bullish and has tested the yellow trend line today and bounced.

This line was once a resistance line, as we can see from the top in Mid 2021.

Holding above the yellow line is a buy signal and confirmation of the Bull Case and Wave 3.

Wave 3 remains at the 1.618 Fib at $93.78

$OXY

$OXY got the double beat after the market closed yesterday and is up 4.64% today.

Price is now out of the Buffett Buy Zone too.

Big test next is getting back above the 200 Day MA that was lost in late October.

200 Day MA is at $60.65, so flipping this to support next is a buy signal.

So you have not lost out on the gains today if you haven not been adding here where Buff...

$BABA TOP 20

$BABA also got rugged pulled post earnings along with $ABNB and $PYPL. $ABNB has recovered and made a higher high, while $PYPL is slowly working its way back up too.

Market makers know how much the retail investors are interested in $BABA and $PYPL and may have gotten their hands on some cheap stocks now from soft hands.

$BABA is now back above the 50 Day MA and moving within this I...

$IWM - WATCHLIST -

There is no denying that $IWM looks good here.

Strong bounce on the 0.38 Fib at $188 and is above the 50 and 200 Day MA now....it needs a break above the previous high now at $205.50 and we could see $IWM having its moment to shine.

It has been greatly lagging behind the $SPY and $QQQ and with both of those markets deep into Wave 5....this may offer a lot of value for the next few m...

$PYPL TOP 20

This is what I am seeing since the earnings.

A pull back and hold on the 0.65 Fib at $56, a bounce and then a second pull back to a higher low on the 0.618 Fib at $57.63.

This is how we want to see the bulls respond but we need to see a higher high next above $60.62 next.

The 200 MA on the 1hr chart is at the red trend line that has been difficult for the bulls to stay above, ...